Timeline of FHB

August 17, 1858 --Charles Reed Bishop, who had immigrated from upstate New York a decade earlier, and his partner, William A. Aldrich, opened Bishop & Co. -- the first successful banking partnership under the laws of the independent Kingdom of Hawaii. It operated from a basement room in "Makee & Anthon's Building" on Kaahumanu Street. Its successor, First Hawaiian Bank, today is the second oldest bank west of the Rockies.

Honolulu in the 1850s was a raw frontier town. Downtown was a mixture of one- and two-story Western style buildings surrounded by thatched houses. Whaling was still the big industry in the thriving little port and Bishop saw the need for a local bank. On the day Bishop & Co. opened, it took in $4,784.25 in deposits.

1878 --Bishop & Co. outgrew its little basement room and moved to the first home it could call its own, a two-story bank at the corner of Merchant and Kaahumanu Streets. To celebrate, the bank donated $25 each to the Ladies' Stranger's Friend Society, the British Benevolent Society, American Relief Fund and German Relief Fund. The building still survives as a law office on the makai side of Merchant Street, between Bethel Street and Fort Street Mall.

November 9, 1925 --New 75,000-square-foot headquarters opened on the prime downtown corner of King and Bishop Streets. The $750,000 building was named after Samuel Damon. By then, the bank had $22 million in assets and a half-dozen branches.

January 30, 1929 --Merger announced between Bank of Bishop and First National Bank of Hawaii, First American Savings Bank, Army National Bank of Schofield Barracks, Baldwin Bank (Maui). Name changed to Bishop First National Bank of Honolulu. Bank assets over $30 million.

1960 --Name changed to First National Bank of Hawaii. Deposit total, $262 million.

1962 --Hawaii's first "skyscraper" built on the same block as Damon building. At 18 stories and 225 feet high, the $5-million building was the first downtown structure taller than Aloha Tower. It had 149,000 square feet of floor space and a 300-car garage. First National Bank of Hawaii then had assets of $340 million, 35 branches and 728 employees.

1963 --First computer installed.

1966 --Bank acquired Cooke Trust Company, Ltd.

1969 --Name changed to First Hawaiian Bank, which began to market itself as "The bank that says Yes." Dan Dorman, president since 1962, became chairman of the board and 27-year-veteran John Bellinger became president.

January 9, 1994 --The 1962 high-rise on the site of First Hawaiian Bank's headquarters was leveled by a spectacular dynamite implosion. That cleared the block for construction of the bank's new headquarters, First Hawaiian Center. Administrative offices were temporarily moved up the block to 1132 Bishop St.

May 15, 1996 --First Hawaiian acquired 31 branches in Oregon, Washington and Idaho from U.S. Bancorp. A new subsidiary, Pacific One Bank, was created from scratch and chartered in Oregon. Pacific One opened June 3, 1996, providing a platform for future Mainland expansion.

July 31, 1996 --First Hawaiian acquired ANB Financial Corporation (4 branches, $71 million assets), owner of American National Bank in central Washington state. American National's branches eventually became part of Pacific One Bank.

June 9, 1998 --First Hawaiian Creditcorp was merged into First Hawaiian Bank.

November 1, 1998 --First Hawaiian merged with San-Francisco-based Bank of the West, former subsidiary of Banque Nationale de Paris (BNP). At the time of the merger, the surviving company, First Hawaiian, Inc., was renamed BancWest Corporation. The merger was valued at nearly $1 billion, largest stock deal in history by a Hawaii company. BancWest (parent company of First Hawaiian Bank and Bank of the West) is headquartered in Honolulu, with administrative headquarters in San Francisco. Former First Hawaiian, Inc. shareholders own 55% of BancWest; BNP, former owner of Bank of the West, owned 45%. BancWest began trading on New York Stock Exchange (Symbol: BWE).

July 1, 1999 --BancWest completed $180-million acquisition of SierraWest Bancorp, parent of SierraWest Bank. SierraWest (with assets of $900 million) was merged into Bank of the West. SierraWest Bank had 20 branches along the Interstate 80 corridor in northern California and in northern Nevada. The acquisition expanded BancWest into Nevada for the first time.

January-February 2001 --BancWest expanded into New Mexico and Nevada by acquiring 30 former First Security locations (23 in New Mexico, 7 in Las Vegas) with $1.2 billion in deposits and $300 million in loans. The branches, which were divested in connection with First Security's merger with Wells Fargo & Company, became part of Bank of the West.

May 7, 2001 --Board of BancWest entered into a merger agreement to accept BNP Paribas' offer to acquire the 55% of BancWest stock it did not already own for $35 in cash per share. The transaction, subject to approval by regulators and BancWest shareholders, is valued at $2.5 billion.

December 20, 2001 --BNP Paribas, one of the world's largest international financial services groups, completed its acquisition of the 55% of BancWest stock it did not already own. BancWest is now a wholly owned subsidiary of BNP Paribas. BancWest stock, which had been listed on the New York Stock Exchange, stops public trading. BancWest remains headquartered in Honolulu, under existing management. Bank of the West and First Hawaiian Bank continue to operate as separate institutions.

March 15, 2002 --BancWest expanded into Southern California with the acquisition of United California Bank from UFJ Bank Ltd. of Japan. United California Bank, the largest Los Angeles-based bank, had assets of $10.5 billion and 115 branches throughout the state. United California Bank was merged into Bank of the West. BancWest now has more than 350 branches in Arizona, California, Colorado, Hawaii, Idaho, Iowa, Minnesota, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, Wisconsin, Wyoming, Guam and Saipan.

August 4, 2016 --Initial Public Offering (IPO) of First Hawaiian, Inc. common stock begins trading on NASDAQ under the ticker symbol FHB. With a closing day market capitalization of $3.38 billion, FHI becomes the largest publicly traded company based in Hawaii.

February 12, 2019 --First Hawaiian, Inc. becomes a fully independent company once again as BNP Paribas exits its ownership position.

August 17, 1858 --Charles Reed Bishop, who had immigrated from upstate New York a decade earlier, and his partner, William A. Aldrich, opened Bishop & Co. -- the first successful banking partnership under the laws of the independent Kingdom of Hawaii. It operated from a basement room in "Makee & Anthon's Building" on Kaahumanu Street. Its successor, First Hawaiian Bank, today is the second oldest bank west of the Rockies.

Honolulu in the 1850s was a raw frontier town. Downtown was a mixture of one- and two-story Western style buildings surrounded by thatched houses. Whaling was still the big industry in the thriving little port and Bishop saw the need for a local bank. On the day Bishop & Co. opened, it took in $4,784.25 in deposits.

1878 --Bishop & Co. outgrew its little basement room and moved to the first home it could call its own, a two-story bank at the corner of Merchant and Kaahumanu Streets. To celebrate, the bank donated $25 each to the Ladies' Stranger's Friend Society, the British Benevolent Society, American Relief Fund and German Relief Fund. The building still survives as a law office on the makai side of Merchant Street, between Bethel Street and Fort Street Mall.

November 9, 1925 --New 75,000-square-foot headquarters opened on the prime downtown corner of King and Bishop Streets. The $750,000 building was named after Samuel Damon. By then, the bank had $22 million in assets and a half-dozen branches.

January 30, 1929 --Merger announced between Bank of Bishop and First National Bank of Hawaii, First American Savings Bank, Army National Bank of Schofield Barracks, Baldwin Bank (Maui). Name changed to Bishop First National Bank of Honolulu. Bank assets over $30 million.

1960 --Name changed to First National Bank of Hawaii. Deposit total, $262 million.

1962 --Hawaii's first "skyscraper" built on the same block as Damon building. At 18 stories and 225 feet high, the $5-million building was the first downtown structure taller than Aloha Tower. It had 149,000 square feet of floor space and a 300-car garage. First National Bank of Hawaii then had assets of $340 million, 35 branches and 728 employees.

1963 --First computer installed.

1966 --Bank acquired Cooke Trust Company, Ltd.

1969 --Name changed to First Hawaiian Bank, which began to market itself as "The bank that says Yes." Dan Dorman, president since 1962, became chairman of the board and 27-year-veteran John Bellinger became president.

January 9, 1994 --The 1962 high-rise on the site of First Hawaiian Bank's headquarters was leveled by a spectacular dynamite implosion. That cleared the block for construction of the bank's new headquarters, First Hawaiian Center. Administrative offices were temporarily moved up the block to 1132 Bishop St.

May 15, 1996 --First Hawaiian acquired 31 branches in Oregon, Washington and Idaho from U.S. Bancorp. A new subsidiary, Pacific One Bank, was created from scratch and chartered in Oregon. Pacific One opened June 3, 1996, providing a platform for future Mainland expansion.

July 31, 1996 --First Hawaiian acquired ANB Financial Corporation (4 branches, $71 million assets), owner of American National Bank in central Washington state. American National's branches eventually became part of Pacific One Bank.

June 9, 1998 --First Hawaiian Creditcorp was merged into First Hawaiian Bank.

November 1, 1998 --First Hawaiian merged with San-Francisco-based Bank of the West, former subsidiary of Banque Nationale de Paris (BNP). At the time of the merger, the surviving company, First Hawaiian, Inc., was renamed BancWest Corporation. The merger was valued at nearly $1 billion, largest stock deal in history by a Hawaii company. BancWest (parent company of First Hawaiian Bank and Bank of the West) is headquartered in Honolulu, with administrative headquarters in San Francisco. Former First Hawaiian, Inc. shareholders own 55% of BancWest; BNP, former owner of Bank of the West, owned 45%. BancWest began trading on New York Stock Exchange (Symbol: BWE).

July 1, 1999 --BancWest completed $180-million acquisition of SierraWest Bancorp, parent of SierraWest Bank. SierraWest (with assets of $900 million) was merged into Bank of the West. SierraWest Bank had 20 branches along the Interstate 80 corridor in northern California and in northern Nevada. The acquisition expanded BancWest into Nevada for the first time.

January-February 2001 --BancWest expanded into New Mexico and Nevada by acquiring 30 former First Security locations (23 in New Mexico, 7 in Las Vegas) with $1.2 billion in deposits and $300 million in loans. The branches, which were divested in connection with First Security's merger with Wells Fargo & Company, became part of Bank of the West.

May 7, 2001 --Board of BancWest entered into a merger agreement to accept BNP Paribas' offer to acquire the 55% of BancWest stock it did not already own for $35 in cash per share. The transaction, subject to approval by regulators and BancWest shareholders, is valued at $2.5 billion.

December 20, 2001 --BNP Paribas, one of the world's largest international financial services groups, completed its acquisition of the 55% of BancWest stock it did not already own. BancWest is now a wholly owned subsidiary of BNP Paribas. BancWest stock, which had been listed on the New York Stock Exchange, stops public trading. BancWest remains headquartered in Honolulu, under existing management. Bank of the West and First Hawaiian Bank continue to operate as separate institutions.

March 15, 2002 --BancWest expanded into Southern California with the acquisition of United California Bank from UFJ Bank Ltd. of Japan. United California Bank, the largest Los Angeles-based bank, had assets of $10.5 billion and 115 branches throughout the state. United California Bank was merged into Bank of the West. BancWest now has more than 350 branches in Arizona, California, Colorado, Hawaii, Idaho, Iowa, Minnesota, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, Wisconsin, Wyoming, Guam and Saipan.

August 4, 2016 --Initial Public Offering (IPO) of First Hawaiian, Inc. common stock begins trading on NASDAQ under the ticker symbol FHB. With a closing day market capitalization of $3.38 billion, FHI becomes the largest publicly traded company based in Hawaii.

February 12, 2019 --First Hawaiian, Inc. becomes a fully independent company once again as BNP Paribas exits its ownership position.

First Hawaiian Bank Wealth Management Group provides financial products and services through First Hawaiian Bank and its broker dealer Raymond James Financial Services. First Hawaiian Bank and its affiliates do not provide tax or legal advice.

First Hawaiian Bank products and services are not available for residents of the European Union.

The insurance and annuity products are obligations of the insurance company and (i) are not insured by the FDIC or any other agency of the United States; and (ii) are not deposits or other obligations of, or
guaranteed or insured by, First Hawaiian Bank or any of its affiliates. For certain cash value life insurance products there is investment risk, including the possible loss of value.

Investment, Annuity, and Insurance products are:NOT INSURED BY FDIC OR ANY GOVERNMENT AGENCY • MAY LOSE VALUE • NOT A DEPOSIT • NOT GUARANTEED BY FIRST HAWAIIAN BANK